- Gold prices surge 50% in 2025, up 140% since 2022.
- Analysts see ₹1.2–1.3 lakh range this Dhanteras; ₹1.5 lakh possible by 2026.
- Central bank and ETF buying drive global demand.
- India records $902 million gold ETF inflows in September, 285% rise over August.
GG News Bureau
Mumbai, 13th Oct: Gold’s rally continues to dazzle investors, with prices soaring nearly 50 percent in 2025 and up 140 percent since 2022. Analysts predict that the yellow metal could reach record highs this Dhanteras amid robust central bank buying, ETF inflows, and growing distrust in fiat currencies.
“With a strong central bank and ETF buying and weakening faith in paper money, prices will stay firm,” said Vandana Bharti, Head of Commodity Research at SMC Global Securities. She expects gold to trade between ₹1,20,000–₹1,30,000 per 10 grams this Dhanteras, with a possible peak at ₹1,50,000 in early 2026.
On the MCX, gold prices have already touched ₹1,22,284 per 10 grams for December contracts. Religare Broking’s Ajit Mishra attributes the rally to “global uncertainty, geopolitical tensions, and expectations of US Fed rate cuts.”
According to the World Gold Council, Indian gold ETFs recorded $902 million in inflows in September 2025 — a 285% rise from August. Total assets under management (AUM) of gold ETFs have now crossed ₹90,000 crore.
Renisha Chainani of Augmont predicts gold could touch ₹1.5 lakh per 10 grams by late 2026, driven by continued central bank accumulation, weakening global growth, and persistent inflation. However, analysts caution that such levels may not be seen this festive season unless triggered by a major geopolitical or financial shock.
